Globalisation MCQs | Globalisation Short Questions and Answers

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Questions
41 This helps to create an opportunity for the producers to reach beyond the domestic market
A Foreign trade
B Domestic trade
C Internal trade
D Trade barrier

Answer: Foreign trade
42 Foreign Trade
A Increases choice of goods
B Decreases prices of goods
C Increases competition in the market
D Decreases earnings

Answer: Decreases earnings
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43 Production of services across countries has been facilitated by
A Money
B Machine
C Labor
D Information and communication technology

Answer: Information and communication technology
44 Globalization is not supported by
A Privatization
B Liberalization
C Information and communication technology
D None of these

Answer: None of these
45 Exports now finance over ______ of imports :
A 50%
B 60%
C 70%
D 80%

Answer: 80%
46 Opening up the economy to the economies of the world so that Indian economy can compute at international level is called ______:
A Liberalization
B Globalization
C Privatization
D None of these

Answer: Globalization
47 Tax on imports is an example of
A Investment
B Disinvestment
C Trade barrier
D None Of The Above

Answer: Trade barrier
48 Present membership of WTO is around _______ countries : (updated)
A 135
B 151
C 180
D None of these

Answer: 151

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